Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more
Tag Archives Wheat
U.S. grains: Soybeans, corn, wheat rally
Futures up, but below recent peaks
InVivo in talks to acquire French agribusiness Soufflet
Firms see limited overlap outside grain trading
Reading Time: 2 minutes Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying […] Read more
U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook
Wheat futures at six-year high; corn, soy at 6-1/2 year highs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more
Drier South American conditions supporting soybean prices
Russia planning tariffs on grains as of February
Reading Time: 6 minutes Statistics Canada’s final crop survey confirmed above-average yields for Ontario corn and soybeans; however, winter wheat yields came in similar to the five-year average. Quick look Soybeans: Ontario 2020 production was higher than the five-year average. Corn: Corn production in Ontario is up .3 million tonnes over the five-year average. Wheat: Canadian non-durum wheat stocks […] Read more
U.S. grains: Soybeans to 6-1/2-year top on expectations of tightening stocks
Corn futures up, wheat retreats
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies. Corn futures also rose, hovering near multi-year highs set this week above […] Read more
CBOT weekly outlook: South American weather, labour issues prop up prices
Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more
U.S. grains: Soybeans set fresh high on supply worries, technical buying
Chicago wheat, corn also close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more
U.S. grains: Soy rally extends into 2021
South America soybean supply fears continue; corn ends mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more
2020 grain market review: The year that felt like a decade
Reading Time: 2 minutes MarketsFarm – The column in this space a year ago led with the line ‘the more things change, the more they stay the same.’ That line was a jumping off point for a decade-in-review piece pointing out some of the through lines of the grain markets during the previous ten years. Well, the pandemic hit […] Read more
New plant growth regulator for cereal crops registered
Reading Time: < 1 minute Syngenta Canada recently announced the registration of Moddus, a new plant growth regulator that helps to mitigate lodging risk in wheat, barley and oats. Crops that have lodged may suffer lower yields due to poor grain fill and lost grain. Farmers must often contend with delayed harvests, heavier workloads and increased grain cleaning, drying and […] Read more
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